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#101 2023-11-14 23:48:19

oba
Member
Registered: 2023-01-13
Posts: 1,288

Re: One of the reason you should not trust Government or centralized syste

IyaJJJ;25502 wrote:
thrive;25501 wrote:
oba;25500 wrote:

Decentralized exchanges don't require you to share personal information, which adds an extra layer of privacy is the reason why people like DEX and anonymous crypto.

That's and the good one is that your trades and transactions can't be traced back to you, allowing you to engage in crypto trading while preserving your anonymity.

Since there isn't a central authority or server, these exchanges are less likely to be targets for hacking.

In a decentralized exchange, you have complete control over your funds, reducing the risk of theft from exchange hacks.

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#102 2023-11-14 23:48:42

thrive
Member
Registered: 2023-01-04
Posts: 1,604

Re: One of the reason you should not trust Government or centralized syste

oba;25503 wrote:
IyaJJJ;25502 wrote:
thrive;25501 wrote:

That's and the good one is that your trades and transactions can't be traced back to you, allowing you to engage in crypto trading while preserving your anonymity.

Since there isn't a central authority or server, these exchanges are less likely to be targets for hacking.

In a decentralized exchange, you have complete control over your funds, reducing the risk of theft from exchange hacks.

Decentralized exchanges aren't under the control of any government or institution. As a result, they are largely unaffected by changes in regulations or financial policies, providing a more stable trading environment.

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#103 2023-11-14 23:49:05

IyaJJJ
Member
Registered: 2023-01-25
Posts: 1,250

Re: One of the reason you should not trust Government or centralized syste

thrive;25504 wrote:
oba;25503 wrote:
IyaJJJ;25502 wrote:

Since there isn't a central authority or server, these exchanges are less likely to be targets for hacking.

In a decentralized exchange, you have complete control over your funds, reducing the risk of theft from exchange hacks.

Decentralized exchanges aren't under the control of any government or institution. As a result, they are largely unaffected by changes in regulations or financial policies, providing a more stable trading environment.

Decentralized exchanges are built on blockchain technology, which provides transparent, immutable, and verifiable transaction records. This prevents any form of manipulation or fraud.

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#104 2023-11-14 23:49:21

oba
Member
Registered: 2023-01-13
Posts: 1,288

Re: One of the reason you should not trust Government or centralized syste

IyaJJJ;25505 wrote:
thrive;25504 wrote:
oba;25503 wrote:

In a decentralized exchange, you have complete control over your funds, reducing the risk of theft from exchange hacks.

Decentralized exchanges aren't under the control of any government or institution. As a result, they are largely unaffected by changes in regulations or financial policies, providing a more stable trading environment.

Decentralized exchanges are built on blockchain technology, which provides transparent, immutable, and verifiable transaction records. This prevents any form of manipulation or fraud.

Transactions on decentralized exchanges often involve lower fees, which makes them a cost-efficient option for traders. There's no need to pay hefty fees to intermediaries or third parties.

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#105 2023-11-14 23:49:44

thrive
Member
Registered: 2023-01-04
Posts: 1,604

Re: One of the reason you should not trust Government or centralized syste

oba;25506 wrote:
IyaJJJ;25505 wrote:
thrive;25504 wrote:

Decentralized exchanges aren't under the control of any government or institution. As a result, they are largely unaffected by changes in regulations or financial policies, providing a more stable trading environment.

Decentralized exchanges are built on blockchain technology, which provides transparent, immutable, and verifiable transaction records. This prevents any form of manipulation or fraud.

Transactions on decentralized exchanges often involve lower fees, which makes them a cost-efficient option for traders. There's no need to pay hefty fees to intermediaries or third parties.

Centralized exchanges are often limited in terms of the varieties of cryptocurrencies they support. However, decentralized exchanges usually offer a wide range of digital assets, providing opportunities for diversified portfolios.

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#106 2023-11-14 23:50:46

IyaJJJ
Member
Registered: 2023-01-25
Posts: 1,250

Re: One of the reason you should not trust Government or centralized syste

thrive;25507 wrote:
oba;25506 wrote:
IyaJJJ;25505 wrote:

Decentralized exchanges are built on blockchain technology, which provides transparent, immutable, and verifiable transaction records. This prevents any form of manipulation or fraud.

Transactions on decentralized exchanges often involve lower fees, which makes them a cost-efficient option for traders. There's no need to pay hefty fees to intermediaries or third parties.

Centralized exchanges are often limited in terms of the varieties of cryptocurrencies they support. However, decentralized exchanges usually offer a wide range of digital assets, providing opportunities for diversified portfolios.

In centralized exchanges, users' funds are controlled by the exchange. But in decentralized exchanges, users have full control over their funds, helping to ensure that your funds are secure.

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#107 2023-11-14 23:51:09

oba
Member
Registered: 2023-01-13
Posts: 1,288

Re: One of the reason you should not trust Government or centralized syste

IyaJJJ;25508 wrote:
thrive;25507 wrote:
oba;25506 wrote:

Transactions on decentralized exchanges often involve lower fees, which makes them a cost-efficient option for traders. There's no need to pay hefty fees to intermediaries or third parties.

Centralized exchanges are often limited in terms of the varieties of cryptocurrencies they support. However, decentralized exchanges usually offer a wide range of digital assets, providing opportunities for diversified portfolios.

In centralized exchanges, users' funds are controlled by the exchange. But in decentralized exchanges, users have full control over their funds, helping to ensure that your funds are secure.

Decentralization. It is a method of trading that gives ultimate control and power to the users, rather than a central entity.

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#108 2023-11-18 15:38:34

gap
Member
Registered: 2023-06-14
Posts: 698

Re: One of the reason you should not trust Government or centralized syste

oba;25509 wrote:
IyaJJJ;25508 wrote:
thrive;25507 wrote:

Centralized exchanges are often limited in terms of the varieties of cryptocurrencies they support. However, decentralized exchanges usually offer a wide range of digital assets, providing opportunities for diversified portfolios.

In centralized exchanges, users' funds are controlled by the exchange. But in decentralized exchanges, users have full control over their funds, helping to ensure that your funds are secure.

Decentralization. It is a method of trading that gives ultimate control and power to the users, rather than a central entity.

The central entity are mostly chosen by people who are adequately believes it more safer to have traceable transaction values and monitoring.

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#109 2023-11-18 18:50:41

Europ
Member
Registered: 2023-05-23
Posts: 955

Re: One of the reason you should not trust Government or centralized syste

Government takes over people assets when there is a little  misjudge.
For example, an organization may employ an electronic control system that relies on user credentials, access card readers, intercom, auditing and reporting to track which employees have access and have accessed a restricted data center. This system may incorporate an access control panel that can restrict entry to individual rooms and buildings, as well as sound alarms, initiate lockdown procedures and prevent unauthorized access.

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#110 2023-11-20 21:57:40

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 1,751

Re: One of the reason you should not trust Government or centralized syste

Government owned or centralized exchanges may impose withdrawal limits or delays, especially during times of high demand or security concerns. This could affect users' ability to quickly access their funds.

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#111 2023-11-26 23:12:23

Kelechi
Member
Registered: 2022-12-25
Posts: 1,599

Re: One of the reason you should not trust Government or centralized syste

Centralized exchanges can experience delays in processing transactions, especially during periods of high demand. This can impact the speed at which users can trade or withdraw their funds.

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